What Is MICR?Here's a concise guide to MICR and associated technologies.By Charles KatzMagnetic Ink Character Recognition (MICR) was developed to utilize the benefits of computer technology in the banking industry. Prior to the use of a MICR line, check sorting by account number was a manual process. Two systems were previously used to handle the large numbers of checks processed in the banking industry: Sort-A-Matic and Top Tab Key Sort.The...more
Have you started receiving credit card debt settlement notices in the mail? Have you been receiving collection calls? If this is the case, you have probably been in debt and been dealing with financial difficulties for quite some time.Creditors are sometimes willing to settle the account for a lesser amount if the credit card account is seriously delinquent or has been written off. This creditor will usually accept the settled amount in one...more
Before you decide on taking payday loans, make sure that you fully understand what it entails. Let us understand what exactly what payday loans or a cash advance loan is. Payday loans, as its name indicates, is related to your pay and payday. With your payday some 7-14 days away, you may need cash to payoff your immediate needs. payday loan companies, seeing this as a business opportunity, gives out a cash advance to be repaid on your payday.Payday loans: A quick fix solutionWith payday still a couple of weeks away; you may need cash to meet your urgent requirements. Whatever your urgent need is, a payday loan is very handy. The good thing about payday loans is that in most cases the payday loans are credited to your account the day after you apply for it. The paperwork is almost negligible and the formalities are limited to providing your Bank statement, salary stub and identification proof. You need not even go to the lender's office.Once you make up your mind to get a payday loan, you fill in the prescribed form giving your personal details, name of your banker, name and address of your employer. Before signing the payday loan agreement, spend a good amount of time studying the...more
There are many markets: markets for stocks, futures, options and currencies. These are probably the most accessible markets for everyday traders like you and I. People easily understand the basics of trading shares, so I will occasionally use examples from that market. I began trading shares first and then I moved on to trading currencies;...more
Historically, the FX market was available most to major banks, multinational corporations and other participants who traded in large transaction sizes and volumes. Small-scale traders including individuals like you and I, had little access to this market for such a long time. Now with the advent of the Internet and technology, FX trading is...more
A lot of people have been 'burnt' from scam operations on the Internet. Their sites may look so perfectly legitimate that you doubt whether they would have gone through all that trouble building a trading platform just to steal your money. Beware. The first thing I look for is the geographical location of the broker. If I find that they are based in a country where the financial industry is, in my opinion, relatively unregulated and under-developed, I quickly forgo signing up. This is terrible news for honest brokers in those countries, but your job as a trader is to protect your capital. If you loose that, then you cannot trade. The onus is on them to convince you that they will do the right thing by you as an investor. I started out with an Australian broker. Currently I am using an American one. I have not tried UK-based brokers but the British financial industry is one of the best. Companies that are based in countries such as Japan , Germany and France are probably just as good too, if their website speaks your language. Notice any license numbers that they may have registered with regulatory bodies that act like government watchdogs who oversee the finance and investments...more
If you can't sleep at night because of credit card debt worries, you're not alone. Many people get in over their heads charging things they think they can't live without.You don't need to cut up all of your credit cards. Save your major bank cards,...more
Did you know that your credit score that you purchase online is not the same credit score your loan officer gets?You probably know that when you apply for a mortgage, your loan officer gets all three credit reporting agencies reports with three...more
There are great benefits to owning a franchise. You often can sell goods and services that have instant name recognition and can obtain training and ongoing support to help you succeed. But be cautious before you sign on the dotted line. 1. Know How...more
Developing and utilizing presentation skills can result in increased income for you. Here are a few ways that you can turn your public speaking experience into business profits.1. Free Speeches to Promote Your BusinessA lawyer might make a speech to...more
I'm sure most people have dealt at least once with unsatisfactory service. Quality complaints, products not up to standards or not what you would've expected. And, in the good American fashion, what did you do? You disputed the charges with the...more
Wanna know the best advice ever you can get about money?Here it is...Let's say that you are getting regular monthly salary from work and you are happy with it. Now, at the end of the month (and most of the time, two days after you get your...more